Caroline Bishop
Sep 15, 2024 14:22
Binance Futures has introduced the UXLINKUSDT Perpetual Contract with an impressive leverage of up to 75x, broadening trading possibilities.
Binance Futures is set to launch its USDⓈ-Margined UXLINKUSDT Perpetual Contract on September 15, 2024, at 15:00 UTC. This new offering will enable traders to leverage their positions up to 75 times, as per Binance’s announcement.
Contract Specifications and Features
The forthcoming UXLINKUSDT Perpetual Contract will feature a maximum funding rate of +2.00% / -2.00% upon its launch. Funding fees will be settled every four hours. Binance has also indicated that various specifications of the contract, such as funding fees, tick size, maximum leverage, initial margin, and maintenance margin requirements, could be modified in response to market risks.
Multi-Assets Mode
The platform’s Multi-Assets Mode will empower users to trade the UXLINKUSDT perpetual contract utilizing a range of margin assets, with relevant haircuts applied. For example, when this mode is enabled, traders can employ BTC as margin for transactions involving the new perpetual contract.
Terms and Conditions
The UXLINKUSDT Perpetual Contract abides by Binance’s Terms of Use and the Binance Futures Service Agreement. Traders are advised to be mindful of any inconsistencies in translated documents of the announcement and to consult the original English version for the most reliable information.
For further information, refer to the original announcement on Binance.
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